Chinese police are warning the Chinese people to beware of counterfeit coins being sold in China. I guess to the Chinese, counterfeit coins are perfectly fine as long as they are being sold to Americans and not the Chinese people. Chinese police warn of fake PRC founding anniversary souvenir coins
That's nice,but I think they need to expand the warning a bit. That is kind of funny that now they are trying to scam themselves with fake coins.
Maybe it's the start of their government actually cracking down on the bigger problem. Of course if they can prove the press was used exclusively for manufacturing counterfiet U.S. coins, actions will not be taken.
nice, I hope that they sell thousands of them! Perhaps then they (the government) will actually do something! Or not.
I was thinking about producing some modern counterfiet Chinese coins and selling them to china only. hahaha! :headbang:
Its the death penalty in Red China to counterfeit any post 1949 coin. But its a OK for anybody Else's currency and coins before 1949. Traci (owner of hundreds of counterfeit Chinese Dragons)
Interesting, It makes sense if someone can make the coinage for less than face value for the plethora of counterfeiters to give it a shot.
Just an fyi post for your consideration: I know this will introduce something a bit different from the topic solely addressing counterfeit coins and China, however I feel there are some underlying fundamentals between the current trade issues the US has with book, software and audio visual product piracy affecting international fair trade and the issues surrounding counterfeit coins in that nothing much is being done within China to stop or limit the fakes and to essentially protect the pirates, now it's affecting China domestically. There was news, just made public today, of the WTOs decision regarding the US' complaint against Chinese trade restrictions and China's lack of self policing of pirated and counterfeit goods. Article: WTO Says Chinese Curbs on Sale of U.S. Goods Unfair I thought this segment of the article was enlightening to the problem and that its yet essentially unresolved: "The ruling stops short of a clear-cut U.S. victory. Judges agreed with the Chinese argument that its criminal law was strong enough to deter piracy. The U.S. failed to convince the panel that thresholds for criminal prosecution of people pirating copyrighted goods are so high they effectively allow sales of illegal items on a commercial scale." "The case was one of two the U.S. lodged against China at the WTO in April 2007 aimed at stopping what it said is rampant piracy of copyrighted audiovisual products. The other complaint argued that Chinese law isn’t harsh enough on counterfeiting and sets too high a value on pirated movie and music discs before prosecuting violators. " Interested to see what if anything changes in these matters or if it will trigger events across the board with reducing all the knock-offs and fake merchandise out there, coins and the stuff we see on eBay as well. Sorry for the intrusion, I hope this doesn't hijack the thread. Just seemed worth sharing.
thoose chinese will counterfit ant thing they can have you heard of the conterfit chuckee cheese tokens
Well, all this counterfeiting could not be done without the PLA getting its cut. Just bizznizz as usual there. Traci
If my facts are correct the U.S. is in debt to China roughly 1 Trillion dollars I say we gather up the 1 Trillion countefeit coins they've imported into the U.S. and pay them back and call it even.
I was there earlier this year and can tell you they have a bigger problem with bogus bills. You have to be watchfull with what you get in change and they will not accept bills with any wrinkles or other blemishes.
Lets not forget that when we were still under British rule, we did a lot of counterfeiting and copying. China is still functioning in many ways as an old "colonial" country dependant on outside exploitation for development. With the reversal of power underway and the power of the Chinese market, the issues of counterfeiting will be more relevant as it will be Chinese good that will be counterfeited by other countries--and it will then become an issue for China to care about it...just as the US did with Britain. Read LIES MY TEACHER TOLD ME. by James Loewen. China has alway had a problem of others copying a successful business. You should see it in Taiwan where I'm located.
"Read LIES MY TEACHER TOLD ME. by James Loewen." No. As for the subject of counterfeits, it seems to me that if we could get the chinese debt up to about 50 trillion dollars we should produce one 50 trillion dollar bill and pay them with it.
Do we have any examples of when the counterfeit coin became more valuable than the original? Must be some cases! I'm trying to learn to spot counterfeit Chinese coins before starting to approach them. I see some cheap coins in the market. Just not sure what to look for. Is weight the best judge and sound?
It would so have to be a modern 50 trillion Gold Certificate and good for the gold it would need to represent. They don't seem to like/need US notes anymore.
Yes, in the early 1800s when counterfeiters used a metal that's about the same weight as gold - platinum. Counterfeited gold plated platinum coins can be more valuable than the original.
